Y.D. More Investments Ltd Purchases 18,289 Shares of Elbit Systems Ltd. $ESLT

Key Points

• Y.D. More Investments raised its position in Elbit Systems by 3.0%, acquiring 18,289 shares to hold 618,325 shares total (about 1.39% of Elbit, valued at $356.3M) and making Elbit its largest holding at 16.7% of the portfolio.
• Elbit Systems beat expectations for the most recent quarter with EPS of $3.56 vs. $3.23 and revenue of $2.15 billion vs. $2.09 billion, and analysts forecast about 8.05 EPS for the fiscal year.
• The company increased its quarterly dividend from $0.75 to $1.00 (ex-dividend April 13), implying a $4.00 annualized payout and a yield of roughly 0.4%.

Y.D. More Investments Ltd raised its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 618,325 shares of the aerospace company's stock after acquiring an additional 18,289 shares during the period. Elbit Systems comprises 16.7% of Y.D. More Investments Ltd's portfolio, making the stock its biggest position. Y.D. More Investments Ltd owned about 1.39% of Elbit Systems worth $356,345,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Elbit Systems by 4.8% in the third quarter. Vanguard Group Inc. now owns 984,861 shares of the aerospace company's stock valued at $501,042,000 after purchasing an additional 45,073 shares during the last quarter. Van ECK Associates Corp grew its position in Elbit Systems by 3,162.0% in the third quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company's stock valued at $330,404,000 after purchasing an additional 628,236 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Elbit Systems by 2.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company's stock valued at $246,121,000 after purchasing an additional 12,003 shares in the last quarter. Invesco Ltd. increased its stake in Elbit Systems by 10.0% in the 3rd quarter. Invesco Ltd. now owns 370,911 shares of the aerospace company's stock valued at $189,090,000 after buying an additional 33,619 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Elbit Systems in the 3rd quarter valued at $172,673,000. Institutional investors and hedge funds own 17.88% of the company's stock.

Elbit Systems Price Performance

Shares of ESLT opened at $888.97 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company's fifty day simple moving average is $800.40 and its 200 day simple moving average is $628.48. Elbit Systems Ltd. has a 1-year low of $354.68 and a 1-year high of $1,016.06. The company has a market cap of $39.51 billion, a price-to-earnings ratio of 78.25, a PEG ratio of 2.61 and a beta of 0.16.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, beating analysts' consensus estimates of $3.23 by $0.33. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. On average, research analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 13th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, April 13th. This is an increase from Elbit Systems's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 0.4%. Elbit Systems's dividend payout ratio is 19.81%.

Wall Street Analyst Weigh In

ESLT has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of Elbit Systems in a research note on Thursday, December 11th. They set an "equal weight" rating and a $531.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Elbit Systems in a research report on Monday, December 29th. Wall Street Zen upgraded Elbit Systems from a "hold" rating to a "buy" rating in a report on Saturday, January 17th. Finally, JPMorgan Chase & Co. increased their price target on Elbit Systems from $530.00 to $580.00 and gave the company a "neutral" rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $550.33.

Elbit Systems Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.

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